In general, corporate codes of ethics apply to upper- and middle-level managers

Indicate whether the statement is true or false


TRUE

Business

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Outlook Department Store's accounts receivable balance after posting net collections from customers for 2012 is $180,000. The customers took advantage of sales discounts of $15,000. Management aged the accounts receivable and estimate for uncollected account percentages as follows: $90,000 Current at 2% $50,000 1-30 days past due at 5% $30,000 31-60 days past due at 10% $10,000 60+ days past due

at 25% The net realizable value of the accounts receivable is: A) $173,200. B) $170,200. C) $172,700. D) $180,000.

Business

Generally, federal administrative agencies are created by:

a. Congress. b. the President. c. the Supreme Court. d. the United States Constitution.

Business

Increases in assets and decreases in liabilities and equities represent SOURCES of cash

Indicate whether the statement is true or false

Business

Jolly Roger Kite Company has a payment cycle of 17 days, a collection cycle of 31 days, and a production cycle of 12 days. What is the average cash conversion cycle for the Jolly Roger Company?

A) 2 days B) 36 days C) 26 days D) 60 days

Business